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Austrian integrated oil and gas firm OMV AG (OMVKY) is as vulnerable as any other firm in the energy sector to the collapse in demand for crude oil. However, this firm may well be able to weather the current storm better than most, and is thus a prospective value opportunity.
The current storm that I refer to is the ongoing coronavirus pandemic, which has brought the global economy to a halt. Demand for crude oil has declined as a consequence, and this was further aggravated by an oil price war between the Saudis